Mission Viejo, CA (GLOBE NEWSWIRE) - The Ensign Group, Inc. (NASDAQ:ENSG), the parent company of the Ensign™ group of skilled nursing, rehabilitative care services, home health care, hospice care and assisted living companies, announced today that it acquired the real estate and operations of two assisted living facilities in Texas and three assisted living facilities in Wisconsin, all of which were previously operated by affiliates of Brookdale Senior Living. The acquisition was effective June 16, 2017, and includes:
Ensign's President and Chief Executive Officer, Mr. Christopher Christensen, said “These acquisitions will add to our expanding senior housing footprint in Texas while simultaneously leveraging the talent of our senior living operators in Wisconsin.” He added, “While we remain selective when looking at potential acquisitions, we continue to find quality, accretive opportunities in senior housing, skilled nursing, home health, hospice and other post-acute businesses.”
"We are looking forward to these additions and to building on the reputation Brookdale established by improving on the comfort and wellness of each of our residents and their families,” said John Gurrieri, President of Bridgestone Living LLC, Ensign’s seniors housing subsidiary. He added that these facilities had a combined occupancy rate of 80% at the time of acquisition.
These acquisitions bring Ensign's growing portfolio to 222 healthcare facilities, fifty-six of which are owned, twenty hospice agencies, eighteen home health agencies and three home care businesses across fourteen states. Mr. Christensen reaffirmed that the organization is actively seeking opportunities to acquire real estate and to lease both well-performing and struggling skilled nursing, assisted living and other healthcare related businesses throughout the United States.
The Ensign Group, Inc.'s independent operating subsidiaries provide a broad spectrum of skilled nursing and assisted living services, physical, occupational and speech therapies, home health and hospice services and other rehabilitative and healthcare services at 222 healthcare facilities, twenty hospice agencies, eighteen home health agencies and three home care businesses in California, Arizona, Texas, Washington, Utah, Idaho, Colorado, Nevada, Iowa, Nebraska, Oregon, Wisconsin, Kansas and South Carolina. More information about Ensign is available at http://www.ensigngroup.net.
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SOURCE: The Ensign Group, Inc.